Why Under Armour, Inc. Stock Fell 19.3% in August
Shares of Under Armour Inc. (NYSE: UA)(NYSE: UAA) declined 19.3% in August, according to data from S&P Global Market Intelligence, following not only a series of disappointing earnings reports from its retail partners, but also critical words from a rival sponsored athlete.
More specifically on the former, last month investors endured terrible earnings reports from Foot Locker, The Finish Line, and Dick's Sporting Goods, signaling deeper pain in the retail industry on which performance apparel and athletic footwear companies like Under Armour rely.
IMAGE SOURCE: UNDER ARMOUR
Source: Fool.com